Added to YB: 2026-09-18
Pitch date: 2026-09-15
NTGY.MC [neutral]
Naturgy Energy Group, S.A.
Author Info
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Company Info
Naturgy Energy Group, S.A., together with its subsidiaries, engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.
Market Cap
EUR 27.1B
Pitch Price
N/A
Price Target
N/A
Dividend
6.06%
EV/EBITDA
7.79
P/E
12.83
EV/Sales
2.10
Sector
Gas Utilities
Category
special_situation
Naturgy (NTGY Spain): Balance sheet capacity unlocks a new phase of growth
NTGY.MC (quick overview): Naturgy’s simplified ownership, 47% free float and intact BBB rating open a new growth phase driven by balance-sheet deployment. Its 2025-27 plan commits only €6.4bn against management’s estimated €10-12bn of additional investment capacity, making acquisitions likely; renewables or regulated networks could add roughly €400m to more than €1bn of EBITDA, though competitive processes create material overpayment risk.
Read full article (2 min)